05/16/2024 FINANCE COMMITTEE Minutes

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Finance Committee Minutes May 16, 2024 NEW BUSINESS 1. Review and take action on request for End of Year Transfer within the Department of Public Works of $132,500 from Account 01422101-5112 (DPW Salaries/Full-Time Local 888) to Account 01422102-5242 (DPW Expenses/Beach Nourishment). The Committee was presented a Request for End of Year Appropriation Transfer requesting the amount of $132,500 be transferred from the DPW Salaries/Full Time Local 888 account to the DPW Expenses/Beach Nourishment account. A motion was made by Lee Smith to approve the transfer of $132,500 from the DPW Salaries/Full Time Local 888 account to the DPW Expenses/Beach Nourishment account. Motion seconded by Greg McKelvey. Mr. Collins explained that need for the beach re-nourishment is a result of unanticipated storms affecting South Cape Beach. He went on to state that the surplus in the DPW Salaries account is due to a turnover in employment where positions were not immediately filled. VOTE: Passed 7-0-0 Roll Call Vote: Mr. Pettengill, yes, Mrs. Furbush, yes, Mr. McKelvey, yes, Jamie Schuh, yes, Lee Smith, yes, Glenn Thompson, yes, Richard Weiner, yes Opposed, none 2. Town Manager Updates. None at this Time. 3. Meet with Candidate to Replace Glenn Thompson on the Finance Committee. The Committee was introduced to Mike Milbury, the Candidate to replace Glenn Thompson. Mr. Milbury stated that he grew up in a large family in Walpole. He played for the Bruins after college and went on to become the Coach, he managed the New York Islanders for about a decade and came back to be a broadcaster for NBC, CBC in Canada and NECN. He has been a full time resident of the Town since 2021. Mr. Milbury stated that although he has never sat on a Town Committee before, as general manager of sports franchises he managed budgets from $30 to $60 million. The Committee briefed Mr. Milbury on the way the Finance Committee operates and many questions were presented and explained. 2